Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Ethereum Classic
ETC
|
0.8493192 |
details, prediction |
Cardano
ADA
|
0.8387705 |
details, prediction |
Bitcoin Cash
BCH
|
0.83671576 |
details, prediction |
Litecoin
LTC
|
0.82873935 |
details, prediction |
Bitcoin
BTC
|
0.7968033 |
details, prediction |
|
Second tier
|
Status
SNT
|
0.85914433 |
details, prediction |
Basic Attention Token
BAT
|
0.8506078 |
details, prediction |
iEx.ec
RLC
|
0.8465196 |
details, prediction |
Algorand
ALGO
|
0.8413038 |
details, prediction |
Theta Fuel
TFUEL
|
0.83891606 |
details, prediction |
|
Third tier
|
Civic
CVC
|
0.8434233 |
details, prediction |
Gas
GAS
|
0.84140426 |
details, prediction |
Stox
STX
|
0.83738613 |
details, prediction |
Bancor
BNT
|
0.8366287 |
details, prediction |
Storj
STORJ
|
0.83648777 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Bitcoin Gold price can be leaded by other, more mighty cryptocurrency, or maybe some market trend have affect on it.
It can be confidently asserted that any crypto currency has a significant dependence on the market as a whole and, in particular, the top 3 currencies -
Bitcoin,
Ethereum and
Ripple, so the prediction of their prices will affect the price of Bitcoin Gold
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
KuCoin Shares
KCS
|
0.5436065 |
details, prediction |
Stellar
XLM
|
0.54898125 |
details, prediction |
ZCash
ZEC
|
0.5714761 |
details, prediction |
Monero
XMR
|
0.67361253 |
details, prediction |
TRON
TRX
|
0.7097729 |
details, prediction |
|
Second tier
|
USD//Coin
USDC
|
-0.76126534 |
details, prediction |
True USD
TUSD
|
-0.7394514 |
details, prediction |
Dai
DAI
|
-0.72934765 |
details, prediction |
Ardor
ARDR
|
0.23585342 |
details, prediction |
Bitcoin SV
BSV
|
0.34460282 |
details, prediction |
|
Third tier
|
Matrix AI Network
MAN
|
-0.29988816 |
details, prediction |
Propy
PRO
|
-0.2705902 |
details, prediction |
BABB
BAX
|
-0.17758663 |
details, prediction |
OPEN Platform
OPEN
|
-0.09104481 |
details, prediction |
Phantasma
SOUL
|
-0.07532069 |
details, prediction |
This report should be leaned to build highly diversified portfolio.
It makes sense to mention that a low correlation in this case includes not only coins whose movements are not statistically related but, on the contrary, move in opposite directions (in the case of a negative value of the parameter)